Alex Sunnarborg of Tetras Capital says that Bitcoin has bottomed out yet. The hedge fund manager also believes that the cryptocurrency industry needs a comprehensive cleanup to remove ‘bad actors’ and enhance mainstream investor confidence in the fledgling market.


Bitcoin Price Yet to Bottom Out

Since falling from an all-time high of $19,700 in mid-December 2017, to $6,000 at the start of February 2018, establishing a long-term bottom for Bitcoin price continues to be a prominent topic of discussion. For Sunnarborg, BTC isn’t quite there yet.

Speaking to Forbes’ Jeff Kauflin, the Tetras Capital managing partner commented on the question of Bitcoin bottoming out, saying:

I don’t think so, and I think calling that is very difficult […] One way to think about the bottom is that it happens when all the bad news gets washed…

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Source: https://thebitcoinnews.com/bitcoin-price-yet-to-bottom-out-says-crypto-hedge-fund-manager/